Praxair Recognized as Leader in Climate Change Reporting for Seventh Consecutive Year
September 30, 2014
DANBURY, Conn., September 30, 2014 – Praxair, Inc. (NYSE: PX) was named to the 2014 CDP S&P 500 Climate Disclosure Leadership Index (CDLI) for the seventh consecutive year, one of only three companies on the Standard & Poor’s 500 Index (S&P 500) to achieve this distinction. Praxair received a perfect score of 100 on the CDLI, the only company in the Materials sector to do so. The ranking recognizes the company’s long-standing global commitment to growth through resource productivity and environmental innovation.
“We are proud to once again secure a place on this important index,” said Praxair Chief Sustainability Officer Dr. Riva Krut. “At Praxair, our mission of making our planet more productive challenges us each day to develop technology, products and services that help sustain and protect our planet. Our employees worldwide are focused on this approach and the environmental and social benefits it delivers to our customers and our communities.”
CDP, formerly the Carbon Disclosure Project, is an international, not-for-profit organization that provides the world’s only global environmental disclosure system for measuring the quality and completeness of a company’s carbon management reporting. The annual index spotlights companies listed on the S&P 500 that have demonstrated a high level of transparency and data quality in their disclosure of climate-related information. Sixty-three S&P 500 companies are featured in the 2014 CDLI.
Praxair helps customers worldwide improve their environmental performance and reduce their carbon footprint, while also reducing the company’s own environmental resource intensity. In 2013, Praxair’s eco-portfolio represented 27 percent of sales. The company’s applications enabled customers to avoid 38 million MT CO2 equivalent, more than twice as much CO2 as was generated in all Praxair operations. Sustainable productivity savings, such as reductions in the use of energy, fuel, and water contributed 25 percent of total productivity benefits. In addition, employees worked on more than 1,800 projects in 2013 that saved 225 million gallons of water and 800 million kilowatt-hours of electricity.
Praxair has a long history of commitment to sustainable development. The company was recently named to the Dow Jones Sustainability Indices for the 12th consecutive year and Newsweek ranked Praxair No. 30 in the U.S. 500 and No. 52 in the 2014 Global 500 Newsweek Green Rankings. Additionally, the company was named in CR Magazine’s 100 Best Corporate Citizens list. For more information about Praxair’s sustainable development program, please visit the company’s Reporting Center at http://www.praxair.com/our-company/sustainable-development/reporting-center.
Praxair, Inc., a Fortune 250 company with 2013 sales of $12 billion, is the largest industrial gases company in North and South America and one of the largest worldwide. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and many others. More information about Praxair, Inc. is available at www.praxair.com.